NASDAQ : ARDX
Ardelyx, Inc. — Financial statements
Healthcare · Biotechnology · United States
Last price 3.03 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 755.04M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Ardelyx, Inc. (ARDX) reported revenue of 450.89M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 443.38M | 398.77M | 330.92M | 124.46M | 52.16M | 10.10M |
| Other Revenue | 7.51M | 8.54M | 2.69M | |||
| Revenue | 450.89M | 407.32M | 333.62M | 124.46M | 52.16M | 10.10M |
| Cost of Revenue | 112.61M | 111.06M | 102.87M | 53.33M | 39.32M | 89.44M |
| Gross Profit | 338.28M | 296.26M | 230.74M | 71.12M | 12.84M | -79.34M |
| Selling, General & Admin | 373.73M | 337.23M | 258.69M | 134.40M | 76.60M | 68.80M |
| Operating Expenses | 373.73M | 337.23M | 258.69M | 134.40M | 76.60M | 68.80M |
| Operating Income | -35.45M | -40.98M | -27.95M | -63.28M | -63.76M | -148.15M |
| Interest Expense | -28.70M | -28.40M | -20.09M | -8.87M | -5.07M | -4.50M |
| Other Non Operating Income (Expenses) | 8.68M | 8.74M | 9.17M | 6.63M | 1.63M | 687.00K |
| EBT Excluding Unusual Items | -55.48M | -60.63M | -38.87M | -65.52M | -67.20M | -151.96M |
| Merger & Restructuring Charges | -6.20M | |||||
| Pretax Income | -55.48M | -60.63M | -38.87M | -65.52M | -67.20M | -158.16M |
| Income Tax Expense | 227.00K | 969.00K | 266.00K | 547.00K | 8.00K | 4.00K |
| Net Income | -55.70M | -61.60M | -39.14M | -66.07M | -67.21M | -158.16M |
| Net Income to Common | -55.70M | -61.60M | -39.14M | -66.07M | -67.21M | -158.16M |
| Shares Outstanding (Basic) | 244.88M | 241.03M | 235.23M | 219.33M | 158.69M | 104.21M |
| Shares Outstanding (Diluted) | 244.88M | 241.03M | 235.23M | 219.33M | 158.69M | 104.21M |
| EPS (Basic) | -0.23 | -0.26 | -0.17 | -0.30 | -0.42 | -1.52 |
| EPS (Diluted) | -0.23 | -0.26 | -0.17 | -0.30 | -0.42 | -1.52 |
| Free Cash Flow | -17.92M | -43.98M | -45.82M | -90.06M | -70.10M | -154.42M |
| Free Cash Flow Per Share | -0.07 | -0.18 | -0.20 | -0.41 | -0.44 | -1.48 |
| Gross Margin | 75.02% | 72.73% | 69.16% | 57.15% | 24.62% | |
| Operating Margin | -7.86% | -10.06% | -8.38% | -50.84% | -122.24% | -1,467.23% |
| Profit Margin | -12.35% | -15.12% | -11.73% | -53.09% | -128.85% | -1,566.45% |
| Free Cash Flow Margin | -3.97% | -10.80% | -13.73% | -72.36% | -134.40% | -1,529.35% |
| EBITDA | -32.11M | -37.92M | -25.89M | -61.98M | -62.62M | -145.34M |
| EBITDA Margin | -7.12% | -9.31% | -7.76% | -49.80% | -120.05% | |
| D&A For EBITDA | 3.35M | 3.06M | 2.06M | 1.29M | 1.14M | 2.81M |
| EBIT | -35.45M | -40.98M | -27.95M | -63.28M | -63.76M | -148.15M |
| EBIT Margin | -7.86% | -10.06% | -8.38% | -50.84% | -122.24% | |
| Revenue as Reported | 450.89M | 407.32M | 333.62M | 124.46M | 52.16M | 10.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 97.19M | 68.00M | 64.93M | 21.47M | 96.14M | 72.43M |
| Short-Term Investments | 184.64M | 196.69M | 185.17M | 162.83M | 27.77M | 44.26M |
| Cash & Short-Term Investments | 281.83M | 264.69M | 250.10M | 184.30M | 123.91M | 116.69M |
| Receivables | 100.35M | 71.85M | 57.70M | 22.03M | 7.73M | 502.00K |
| Inventory | 25.86M | 17.73M | 21.17M | 12.45M | 3.28M | |
| Prepaid Expenses | 33.89M | 28.05M | 27.47M | 27.33M | 18.68M | 16.46M |
| Total Current Assets | 441.93M | 382.32M | 356.45M | 246.11M | 153.60M | 133.65M |
| Property, Plant & Equipment | 5.85M | 6.98M | 3.88M | 6.60M | 10.52M | 15.11M |
| Other Long-Term Assets | 128.12M | 112.31M | 75.43M | 44.87M | 25.95M | 1.15M |
| Total Assets | 575.89M | 501.60M | 435.75M | 297.58M | 190.07M | 149.91M |
| Accounts Payable | 38.41M | 19.23M | 16.00M | 11.14M | 10.86M | 4.28M |
| Accrued Expenses | 85.53M | 29.07M | 20.86M | 15.82M | 12.01M | 11.55M |
| Current Portion of Long-Term Debt | 26.71M | 32.26M | ||||
| Current Portion of Leases | 1.54M | 1.48M | 1.56M | 4.43M | 3.89M | 3.49M |
| Current Unearned Revenue | 6.74M | 31.48M | 20.80M | 10.86M | 4.21M | |
| Other Current Liabilities | 7.35M | 18.61M | 8.14M | 7.92M | 1.24M | |
| Total Current Liabilities | 132.22M | 88.61M | 77.83M | 50.39M | 65.60M | 52.82M |
| Long-Term Debt | 278.14M | 228.71M | 176.38M | 70.00M | 11.25M | |
| Long-Term Leases | 2.82M | 3.64M | 1.02M | 1.73M | 5.86M | 9.75M |
| Long-Term Unearned Revenue | 13.70M | 13.70M | 7.23M | 8.64M | 9.03M | 4.73M |
| Total Liabilities | 426.88M | 334.65M | 262.46M | 130.76M | 91.74M | 67.30M |
| Common Stock | 25.00K | 24.00K | 24.00K | 23.00K | 20.00K | 13.00K |
| Additional Paid-In Capital | 1.15B | 1.11B | 1.06B | 1.01B | 878.50M | 795.54M |
| Retained Earnings | -1.00B | -946.94M | -885.34M | -846.20M | -780.14M | -712.93M |
| Comprehensive Income & Other | -193.00K | 198.00K | 57.00K | 224.00K | -54.00K | -6.00K |
| Shareholders' Equity | 149.01M | 166.95M | 173.29M | 166.82M | 98.33M | 82.62M |
| Total Liabilities & Equity | 575.89M | 501.60M | 435.75M | 297.58M | 190.07M | 149.91M |
| Total Debt | 282.51M | 233.83M | 178.97M | 76.16M | 47.71M | 45.50M |
| Net Cash (Debt) | -677.00K | 30.86M | 71.14M | 108.14M | 76.19M | 71.19M |
| Net Cash Per Share | -0.00 | 0.13 | 0.30 | 0.49 | 0.48 | 0.68 |
| Filing Date Shares Outstanding | 249.19M | 245.25M | 238.36M | 232.69M | 206.49M | 130.29M |
| Total Common Shares Outstanding | 249.15M | 244.35M | 238.02M | 232.45M | 198.58M | 130.18M |
| Working Capital | 309.71M | 293.71M | 278.62M | 195.72M | 88.00M | 80.83M |
| Book Value Per Share | 0.60 | 0.68 | 0.73 | 0.72 | 0.50 | 0.63 |
| Tangible Book Value | 149.01M | 166.95M | 173.29M | 166.82M | 98.33M | 82.62M |
| Tangible Book Value Per Share | 0.60 | 0.68 | 0.73 | 0.72 | 0.50 | 0.63 |
| Machinery | 2.69M | 2.97M | 2.48M | 2.13M | 9.51M | |
| Leasehold Improvements | 2.15M | 9.14M | 8.73M | 8.74M | 8.74M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -55.70M | -61.60M | -39.14M | -66.07M | -67.21M | -158.16M |
| Depreciation & Amortization | 3.35M | 3.06M | 2.06M | 1.29M | 1.14M | 2.81M |
| Loss (Gain) From Sale of Assets | -1.26M | |||||
| Stock-Based Compensation | 54.66M | 48.96M | 37.38M | 13.53M | 10.75M | 12.04M |
| Other Operating Activities | -1.32M | -1.55M | 4.05M | 4.91M | 6.10M | 2.69M |
| Change in Accounts Receivable | -37.80M | -14.14M | -35.67M | -14.30M | -7.23M | -502.00K |
| Change in Inventory | -15.73M | -31.92M | -41.70M | -21.14M | -28.35M | |
| Change in Accounts Payable | 16.73M | 3.23M | 4.86M | 279.00K | 6.58M | -1.35M |
| Change in Unearned Revenue | 1.86M | -3.01M | 2.09M | 2.59M | 8.51M | 550.00K |
| Change in Other Net Operating Assets | 16.64M | 14.49M | 21.25M | -10.82M | 911.00K | -10.62M |
| Operating Cash Flow | -17.32M | -42.48M | -44.81M | -89.72M | -70.04M | -152.55M |
| Capital Expenditures | -599.00K | -1.49M | -1.01M | -344.00K | -55.00K | -1.87M |
| Sale of Property, Plant & Equipment | 1.80M | |||||
| Investment in Securities | -33.47M | -7.47M | -17.31M | -130.90M | 16.67M | 52.81M |
| Investing Cash Flow | -34.07M | -8.96M | -18.32M | -131.25M | 18.41M | 50.95M |
| Long-Term Debt Issued | 48.67M | 99.45M | 22.39M | 26.97M | ||
| Long-Term Debt Repaid | -33.04M | -19.44M | ||||
| Net Debt Issued (Repaid) | 48.04M | 48.67M | 99.45M | 22.39M | -6.07M | -19.44M |
| Issuance of Common Stock | 10.49M | 5.84M | 8.14M | 120.41M | 71.83M | 102.55M |
| Repurchase of Common Stock | -106.00K | |||||
| Other Financing Activities | -1.00M | 3.50M | 9.58M | |||
| Financing Cash Flow | 58.53M | 54.51M | 106.59M | 146.29M | 75.34M | 83.00M |
| Net Cash Flow | 7.15M | 3.07M | 43.46M | -74.67M | 23.71M | -18.60M |
| Free Cash Flow | -17.92M | -43.98M | -45.82M | -90.06M | -70.10M | -154.42M |
| Free Cash Flow Margin | -3.97% | -10.80% | -13.73% | -72.36% | -134.40% | -1,529.35% |
| Free Cash Flow Per Share | -0.07 | -0.18 | -0.20 | -0.41 | -0.44 | -1.48 |
| Levered Free Cash Flow | 20.47M | 6.75M | -5.82M | -51.77M | -25.98M | -96.25M |
| Unlevered Free Cash Flow | 38.41M | 24.50M | 6.73M | -46.23M | -22.81M | -93.44M |
| Cash Interest Paid | 17.18M | 15.72M | 11.41M | 4.24M | 2.90M | 3.47M |
| Cash Income Tax Paid | 146.00K | 485.00K | 266.00K | 51.00K | 6.00K | 4.00K |
| Change in Working Capital | -18.30M | -31.35M | -49.17M | -43.39M | -19.57M | -11.92M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 755.04M | 1.42B | 1.20B | 1.44B | 534.26M | 124.02M |
| Enterprise Value | 755.72M | 1.41B | 1.14B | 1.32B | 491.27M | 47.90M |
| Last Close Price | 3.03 | 5.83 | 5.07 | 6.20 | 2.85 | 1.10 |
| Forward PE | 110.18 | 115.22 | 20.85 | 20.85 | 20.85 | 20.85 |
| PS Ratio | 1.67 | 3.48 | 3.60 | 11.56 | 10.24 | 12.28 |
| PB Ratio | 5.07 | 8.48 | 6.93 | 8.63 | 5.43 | 1.50 |
| P/TBV Ratio | 5.07 | 8.48 | 6.93 | 8.63 | 5.43 | 1.50 |
| EV/Sales Ratio | 1.68 | 3.46 | 3.42 | 10.63 | 9.42 | 4.74 |
| Debt / Equity Ratio | 1.90 | 1.40 | 1.03 | 0.46 | 0.48 | 0.55 |
| Net Debt / Equity Ratio | 0.01 | -0.18 | -0.41 | -0.65 | -0.78 | -0.86 |
| Net Debt / EBITDA Ratio | -0.02 | 0.81 | 2.75 | 1.75 | 1.22 | 0.49 |
| Net Debt / FCF Ratio | -0.04 | 0.70 | 1.55 | 1.20 | 1.09 | 0.46 |
| Asset Turnover | 0.86 | 0.87 | 0.91 | 0.51 | 0.31 | 0.06 |
| Inventory Turnover | 4.68 | 5.71 | 6.12 | 6.78 | ||
| Quick Ratio | 2.89 | 3.80 | 3.96 | 4.09 | 2.01 | 2.22 |
| Current Ratio | 3.34 | 4.32 | 4.58 | 4.88 | 2.34 | 2.53 |
| Return on Equity (ROE) | -38.61% | -36.21% | -23.01% | -49.84% | -74.28% | -151.55% |
| Return on Assets (ROA) | -4.25% | -5.46% | -4.76% | -16.22% | -23.44% | -52.69% |
| Return on Capital Employed (ROCE) | -8.00% | -9.90% | -7.80% | -25.60% | -51.20% | -152.60% |
| Earnings Yield | -7.51% | -4.35% | -3.26% | -4.59% | -12.58% | -127.53% |
| FCF Yield | -2.37% | -3.10% | -3.82% | -6.26% | -13.12% | -124.51% |
| Buyback Yield / Dilution | -2.90% | -2.47% | -7.25% | -38.21% | -52.29% | -16.32% |